The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and markets rubber-related chemicals; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services, as well as sells natural rubber products. In addition, it operates approximately 1,000 tire and auto service center outlets that offer products for retail sale. The company sells its products through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.

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Miscellaneous

Goodyear Tire & Rubber (NASDAQ:GT) Frequently Asked Questions

What is Goodyear Tire & Rubber's stock symbol?

Goodyear Tire & Rubber trades on the NASDAQ under the ticker symbol "GT."

How often does Goodyear Tire & Rubber pay dividends? What is the dividend yield for Goodyear Tire & Rubber?

Goodyear Tire & Rubber announced a quarterly dividend on Tuesday, January 15th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.16 per share on Friday, March 1st. This represents a $0.64 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, January 31st. This is a boost from Goodyear Tire & Rubber's previous quarterly dividend of $0.14. View Goodyear Tire & Rubber's Dividend History.

How will Goodyear Tire & Rubber's stock buyback program work?

Goodyear Tire & Rubber announced that its board has initiated a share repurchase program on Thursday, April 6th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.

How were Goodyear Tire & Rubber's earnings last quarter?

Goodyear Tire & Rubber Co (NASDAQ:GT) released its quarterly earnings results on Friday, October, 26th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.08. The company earned $3.93 billion during the quarter, compared to analysts' expectations of $3.95 billion. Goodyear Tire & Rubber had a return on equity of 13.84% and a net margin of 3.11%. Goodyear Tire & Rubber's revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS. View Goodyear Tire & Rubber's Earnings History.

Here are some recent quotes from research analysts about Goodyear Tire & Rubber stock:

1. According to Zacks Investment Research, "Goodyear is witnessing a growth in demand for bigger rim size tires in the United States and Europe, which contributes to the momentum in EMEA and Americas segment. In order to be at par with the rising demand, it announced to expand production hub at Slovenia in December. The factory will raise production targets of 17 to 19-inch replacement consumer tires. Further, Goodyear launches innovative products and services to remain competitive in the market and drive revenues. However, softening market conditions in China, economic volatility in Brazil, rise in raw material costs and unfavorable foreign currency translation has compelled it to lower segment operating income projection to roughly $1.3 billion from the previous estimates of $1.45-$1.5 billion. Over the past three months, shares of Goodyear have underperformed against its industry." (1/17/2019)

2. Longbow Research analysts commented, "GT is trading at 6.6x FY2 EPS estimates, below the company’s 5-year average forward P/E of 7.7x. EV/EBITDA basis, GT trades at 4.9x, which compares to the company’s 5-year average of 4.9x." (8/13/2018)

Has Goodyear Tire & Rubber been receiving favorable news coverage?

Media headlines about GT stock have been trending very positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

How do I buy shares of Goodyear Tire & Rubber?

Shares of GT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Goodyear Tire & Rubber's stock price today?

One share of GT stock can currently be purchased for approximately $20.58.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $4.80 billion and generates $15.38 billion in revenue each year. The company earns $346 million in net income (profit) each year or $3.12 on an earnings per share basis. Goodyear Tire & Rubber employs 64,000 workers across the globe.

MarketBeat Community Rating for Goodyear Tire & Rubber (NASDAQ GT)

MarketBeat's community ratings are surveys of what our community members think about Goodyear Tire & Rubber and other stocks. Vote "Outperform" if you believe GT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GT will underperform the S&P 500 over the long term. You may vote once every thirty days.